Report Description

Global Product Lifecycle Management (PLM) Market is anticipated to thrive in the forecast period 2024-2028. The Global Product Lifecycle Management Market is driven by factors including a growing focus on developing smart devices and rising interest in PLM cloud solutions to safeguard IT infrastructure. Moreover, rapid digitalization of production and the growing deployment of industrial IoT in product processing are driving growth in the Global Product Lifecycle Management Market.

PLM is a process for effectively managing various product lifecycle stages, business processes, and data throughout the supply chain, end-user delivery, and product lifespan. PLM covers all phase of the life cycle of a product, including initial design and development, production, marketing, in-service support, disposal, and end-of-life. With the purpose of streamlining design and production processes, PLM brings together all parties involved in the design and development of physical goods. PLM's goal is to produce the right product with a high yield, introduce it to the market at the appropriate moment, and maximize profitability by spurring demand from customers and outperforming competitors.

Moreover, PLM software assists to reduce risk by properly planning in the early design stages, assuring a better degree of success in the later stages. It makes sure that costs are covered with resource availability and supply in a constrained environment. Every team participating in the product lifecycle benefits from PLM's comprehensive process view, which enables them to look for affordable and durable raw materials. Manufacturing and procurement teams might consult during the design stage and offer suggestions. Long-term costs associated with replacing materials due to non-compliance can be reduced by doing this. It also helps prevent overstocking or underbuying of resources. The manufacturing team can use aggregated databases to find reusable items, preventing orders from being duplicated or bulk pricing from being overlooked. By implementing scalable PLM, businesses can reduce their total cost of ownership (TCO) and total cost of implementation. The lifetime notion has the issue of not being applicable to all product kinds. For instance, well-established food and beverage industries rely on sales of commodities that have been around for years or decades, and efforts to alter how the public views these fundamental goods may result in resentment rather than increased use. Due to trademark expiration and the accompanying increase in the usage of generic medications, products enter an artificial life cycle, and companies create business strategies that put profit before efficacy. It can be difficult for manufacturers to forecast how long a product will last, especially when a new product is being produced, despite the fact that a product's lifespan may be limited.

Smart Manufacturing to Fuel Demand of the Product Lifestyle Management Market

It is expected that the use of smart manufacturing, particularly by small businesses, and the rise of smart factories will provide new opportunities for market players. However, during  the forecast period, the growth in the market is anticipated to be constrained due to rising threats about data security and other aspects including integration and implementation costs. All these factors are hindering the market growth.

Moreover, significant aspect projected to contribute to the market growth is the increased adoption of PLM systems utilizing IoT data. The capabilities of PLM solutions are predicted to be further enhanced by technological advancements like Virtual Reality (VR) and Augmented Reality (AR), as well as their integration with PLM solutions, and to provide new prospects for market growth. Major players like Siemens and PTC Inc. have concentrated on integrating IoT with their respective PLM software since they are quick to adapt to these changing trends. Hence, driving the growth in product lifecycle management market, globally.

Small and medium businesses' growing demand for Product Lifecycle Management (PLM) solutions

Market expansion is being fueled by the rising demand for Product Lifecycle Management (PLM) solutions among small and medium-sized businesses in a variety of industrial verticals to reduce manufacturing costs. Over the projected period, it is anticipated that some products, including change management, bills of material, cost management, compliance, data management, and governance management, would gain popularity. Moreover, the utilization of Industrial Internet of Things (IIoT) devices and digital transformation in numerous industries are anticipated to increase the utility of PLM solutions across numerous industries.

The profitability and expansion of the Product Lifecycle Management market are anticipated to be influenced by variables, including commercialization, R&D, internal and external process complexity, and inaccurate product information, etc. The use of PLM software in the electronics and automotive industries is likely to be facilitated by Electronic Design Automation (EDA), which is used in designing electronic systems like computer circuit boards and integrated circuits.

Moreover, many organizations play a key role in completing digital transformation activities or creating their digitalization road map. PLM solutions are viewed as a vital technology platform for managing smart, complex, and connected development processes because of industrial digitization and the growth of the economic Internet of Things (IIoT). All these digital transformation activities are creating demand for PLM software driving the market growth. Also, the Product Lifecycle Management usefulness is expanding rapidly across all economic sectors to automate the engineering change, validation, and approval process, shorten cycle times, and enhance product quality. This is explained by the enormous volume of software deployments taking place across numerous business sectors. The industrial enterprise's application integrations are complicated and expensive. As a result, industrial companies are increasingly seeking integration capabilities to enhance their operating processes. The Product Lifecycle Management Market is steadily growing and seeing ongoing changes. These changes primarily take the shape of enhanced software capabilities. One of the most notable market advancements is the release of IoT-enabled PLM systems. The integration of IoT and PLM solutions has allowed several users to improve the functionality of the solutions, enabling data collection that is useful for product development and enhancing attention on quality monitoring during the post-manufacturing phase.

Rising Adoption of IoT in the Industries

IoT-based PLM software makes it possible to generate enormous amounts of useful data that can be used to detect early indications of a product component failing. Businesses from a variety of industries and industry verticals are focusing on the adoption of PLM systems as they gradually come to understand the advantages of IoT data for scaling up the lifecycle management of products and services. Over the projection period, the Product Lifecycle Management (PLM) Market would benefit from the quickly rising demand for PLM solutions that can use IoT data.


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Market Segmentation

The Product Lifecycle Management Market is segmented into type, component, deployment mode, service type, and end user industry. Based on type, the market is segmented into CAX, discrete PLM, and process PLM. Based on component, the market is divided into Multi-CAD solution, product data management, and digital manufacturing. Based on deployment mode, it is categorized into on-premise and cloud. On service type, the market is segmented into maintenance/support, implementation, consulting, and others. Based on end user industry, the market is segmented into retail, aerospace and defense, automotive, electronics, medical devices, and pharmaceutical & biotech.

Market Player

Major market players in the global Product Lifecycle Management market are Hewlett Packard Enterprise Development LP, Biglever Software Inc, PTC Inc., IBM Corporation, Siemens AG, Accenture PLC, Dassault Systèmes SE,  Autodesk, Inc., Oracle Corporation,  SAP SE.

Recent Development

  • As of Jan 2023, PTC announced that it had acquired ServiceMax from a company that was primarily owned by Silver Lake. PTC's closed-loop product lifecycle management (PLM) and digital thread services now include significant field service management (FSM) capabilities. Product manufacturers increasingly see their service offerings as a key component of their overall business strategy for sustaining product quality, boosting client satisfaction, boosting sales, and boosting profitability.
  • In June 2021, Accenture, provider of professional services, bought the systems integration consulting services from DI Square for product lifecycle management and application lifecycle management. Accenture's engineering capabilities will grow because of the purchase for its automotive and other manufacturing clients in Japan and other markets.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Type

By Component

By Deployment Mode

By Service Type

By End User Industry

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East

Country scope

United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, Africa, Saudi Arabia, South Africa, UAE, Israel, Turkey

Key companies profiled

Hewlett Packard Enterprise Development LP, Biglever Software Inc, PTC Inc., IBM Corporation, Siemens AG, Accenture PLC, Dassault Systèmes SE,  Autodesk, Inc.,  Oracle Corporation,  SAP SE.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Global Product Lifecycle Management market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Product Lifecycle Management Market, By Type

o   CAX

o   Discrete PLM

o   Process PLM

  • Product Lifecycle Management Market, By Component
  • Multi-CAD Solution
  • Product Data Management
  • Digital Manufacturing
  • Product Lifecycle Management Market, By Deployment Mode

o   On-Premise

o   Cloud

  • Product Lifecycle Management Market, By Service Type
  • Maintenance/Support
  • Implementation
  • Consulting
  • Others
  • Product Lifecycle Management Market, By End User Industry

o   Retail

o   Aerospace and Defense

o   Automotive

o   Electronics

o   Medical Devices

o   Pharmaceutical & Biotech

o   Others

  • Product Lifecycle Management Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  India

§  Japan

§  South Korea

§  Australia

§  Singapore

§  Malaysia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

§  Belgium

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East

§  South Arabia

§  South Africa

§  UAE

§  Israel

§  Turkey

 Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Product Lifecycle Management market.

Available Customizations:

Global Product Lifecycle Management market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The Global Product Lifecycle Management market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Product Lifecycle Management Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Technological Awareness

5.6.  Frequency of Usage of Product Lifecycle Management Software

6.    Global Product Lifecycle Management Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type (CAX, Discrete PLM, Process PLM)

6.2.2.   By Component (Multi-CAD Solution, Product Data Management, Digital Manufacturing)

6.2.3. By Deployment Mode (On-Premise, Cloud)

6.2.4. By Service Type (Maintenance/Support, Implementation, Consulting, Others)

6.2.5.    By End User Industry (Retail, Aerospace and Defense, Automotive, Electronics, Medical Devices, Pharmaceutical & Biotech)

6.2.6.    By Region

6.2.7.    By Company

6.3.  Market Map

7.    North America Product Lifecycle Management Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Component

7.2.3.    By Deployment Mode

7.2.4.    By Service Type

7.2.5.    By End User Industry

7.2.6.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Product Lifecycle Management Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Component

7.3.1.2.3.           By Deployment Mode

7.3.1.2.4.           By Service Type

7.3.1.2.5.           By End User Industry

7.3.2.    Canada Product Lifecycle Management Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Component

7.3.2.2.3.           By Deployment Mode

7.3.2.2.4.           By Service Type

7.3.2.2.5.           By End User Industry

7.3.3.    Mexico Product Lifecycle Management Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Component

7.3.3.2.3.           By Deployment Mode

7.3.3.2.4.           By Service Type

7.3.3.2.5.           By End User Industry

8.    Asia-Pacific Product Lifecycle Management Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Component

8.2.3.    By Deployment Mode

8.2.4.    By Service Type

8.2.5.    By End User Industry

8.2.6.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Product Lifecycle Management Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Component

8.3.1.2.3.           By Deployment Mode

8.3.1.2.4.           By Service Type

8.3.1.2.5.           By End User Industry

8.3.2.    India Product Lifecycle Management Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Component

8.3.2.2.3.           By Deployment Mode

8.3.2.2.4.           By Service Type

8.3.2.2.5.           By End User Industry

8.3.3.    Japan Product Lifecycle Management Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Component

8.3.3.2.3.           By Deployment Mode

8.3.3.2.4.           By Service Type

8.3.3.2.5.           By End User Industry

8.3.4.    South Korea Product Lifecycle Management Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Component

8.3.4.2.3.           By Deployment Mode

8.3.4.2.4.           By Service Type

8.3.4.2.5.           By End User Industry

8.3.5.    Australia Product Lifecycle Management Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Component

8.3.5.2.3.           By Deployment Mode

8.3.5.2.4.           By Service Type

8.3.5.2.5.           By End User Industry

8.3.6.    Singapore Product Lifecycle Management Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Type

8.3.6.2.2.           By Component

8.3.6.2.3.           By Deployment Mode

8.3.6.2.4.           By Service Type

8.3.6.2.5.           By End User Industry

8.3.7.    Malaysia Product Lifecycle Management Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Type

8.3.7.2.2.           By Component

8.3.7.2.3.           By Deployment Mode

8.3.7.2.4.           By Service Type

8.3.7.2.5.           By End User Industry

9.    Europe Product Lifecycle Management Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Component

9.2.3.    By Deployment Mode

9.2.4.    By Service Type

9.2.5.    By End User Industry

9.2.6.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Product Lifecycle Management Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Component

9.3.1.2.3.           By Deployment Mode

9.3.1.2.4.           By Service Type

9.3.1.2.5.           By End User Industry

9.3.2.    United Kingdom Product Lifecycle Management Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Component

9.3.2.2.3.           By Deployment Mode

9.3.2.2.4.           By Service Type

9.3.2.2.5.           By End User Industry

9.3.3.    France Product Lifecycle Management Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Component

9.3.3.2.3.           By Deployment Mode

9.3.3.2.4.           By Service Type

9.3.3.2.5.           By End User Industry

9.3.4.    Russia Product Lifecycle Management Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Type

9.3.4.2.2.           By Component

9.3.4.2.3.           By Deployment Mode

9.3.4.2.4.           By Service Type

9.3.4.2.5.           By End User Industry

9.3.5.    Spain Product Lifecycle Management Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Type

9.3.5.2.2.           By Component

9.3.5.2.3.           By Deployment Mode

9.3.5.2.4.           By Service Type

9.3.5.2.5.           By End User Industry

9.3.6.    Belgium Product Lifecycle Management Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Type

9.3.6.2.2.           By Component

9.3.6.2.3.           By Deployment Mode

9.3.6.2.4.           By Service Type

9.3.6.2.5.           By End User Industry

9.3.7.    Italy Product Lifecycle Management Market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.           By Type

9.3.7.2.2.           By Component

9.3.7.2.3.           By Deployment Mode

9.3.7.2.4.           By Service Type

9.3.7.2.5.           By End User Industry

10. South America Product Lifecycle Management Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1.1.     By Type

10.2.1.2.     By Component

10.2.1.3.     By Deployment Mode

10.2.1.4.     By Service Type

10.2.1.5.     By End User Industry

10.2.1.6.     By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Product Lifecycle Management Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Component

10.3.1.2.3.         By Deployment Mode

10.3.1.2.4.         By Service Type

10.3.1.2.5.         By End User Industry

10.3.2. Argentina Product Lifecycle Management Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Component

10.3.2.2.3.         By Deployment Mode

10.3.2.2.4.         By Service Type

10.3.2.2.5.         By End User Industry

10.3.3. Colombia Product Lifecycle Management Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Component

10.3.3.2.3.         By Deployment Mode

10.3.3.2.4.         By Service Type

10.3.3.2.5.         By End User Industry

10.3.4. Peru Product Lifecycle Management Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type

10.3.4.2.2.         By Component

10.3.4.2.3.         By Deployment Mode

10.3.4.2.4.         By Service Type

10.3.4.2.5.         By End User Industry

10.3.5. Chile Product Lifecycle Management Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type

10.3.5.2.2.         By Component

10.3.5.2.3.         By Deployment Mode

10.3.5.2.4.         By Service Type

10.3.5.2.5.         By End User Industry

11. Middle East & Africa Product Lifecycle Management Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Type

11.2.2. By Component

11.2.3. By Deployment Mode

11.2.4. By Service Type

11.2.5. By End User Industry

11.2.6. By Country

11.3.             Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Product Lifecycle Management Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Type

11.3.1.2.2.         By Component

11.3.1.2.3.         By Deployment Mode

11.3.1.2.4.         By Service Type

11.3.1.2.5.         By End User Industry

11.3.2. South Africa Product Lifecycle Management Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Type

11.3.2.2.2.         By Component

11.3.2.2.3.         By Deployment Mode

11.3.2.2.4.         By Service Type

11.3.2.2.5.         By End User Industry

11.3.3. UAE Product Lifecycle Management Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Type

11.3.3.2.2.         By Component

11.3.3.2.3.         By Deployment Mode

11.3.3.2.4.         By Service Type

11.3.3.2.5.         By End User Industry

11.3.4. Israel Product Lifecycle Management Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Type

11.3.4.2.2.         By Component

11.3.4.2.3.         By Deployment Mode

11.3.4.2.4.         By Service Type

11.3.4.2.5.         By End User Industry

11.3.5. Turkey Product Lifecycle Management Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value 

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Type

11.3.5.2.2.         By Component

11.3.5.2.3.         By Deployment Mode

11.3.5.2.4.         By Service Type

11.3.5.2.5.         By End User Industry

12. Market Dynamics

12.1. Drivers

12.1.1. Cloud-Based Software Solutions to Fuel Demand from the Product Lifestyle Management Market

12.1.2. Rapid Use of Smart Product Lifecycle Management in Industries to Stimulate Growth

12.2. Challenges

12.2.1. High maintenance cost

12.2.2. Lack of Awareness

13. Market Trends & Developments

13.1.   Rise In Technological Development

13.2.   Government Initiatives

13.3.   Increased investment and R&D

14. Company Profiles

14.1.             Hewlett Packard Enterprise Development LP

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.1.6. SWOT Analysis

14.2.             PTC Inc.

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.2.6. SWOT Analysis

14.3.             IBM Corporation

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.3.6. SWOT Analysis

14.4.             Siemens AG

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.4.6. SWOT Analysis

14.5.             Accenture PLC

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.5.6. SWOT Analysis

14.6.             Dassault Systèmes SE

14.6.1.  Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.6.6. SWOT Analysis

14.7.             Autodesk, Inc.,

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.7.6. SWOT Analysis

14.8.             Oracle Corporation

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.8.6. SWOT Analysis

14.9.             SAP SE

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.9.6. SWOT Analysis

14.10.          Biglever Software Inc

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials

14.10.3.              Recent Developments

14.10.4.              Key Personnel

14.10.5.              Key Product/Services

14.10.6.              SWOT Analysis

15. Strategic Recommendations

1.1.  Key focus on Asia Pacific Region

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The advantages of Product Lifecycle Management are it allows companies to reduce their time to market for their innovative products.

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Collaborative Product Definition Management (cPDm) Software, Mechanical Computer Aided-Design Software (MCAD), Simulation and Analysis (S&A) Software, and Digital Manufacturing (DM) Software are the top software.

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Asia-Pacific is the fastest-growing region in the Product Lifecycle Management Market due to IT developing economies, government initiative, and rising population.

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Hewlett Packard Enterprise Development LP, Biglever Software Inc, PTC Inc., IBM Corporation, Siemens AG, Accenture PLC, Dassault Systèmes SE, Autodesk, Inc., Oracle Corporation, SAP SE.

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Sakshi Bajaal

Business Consultant
Press Release

Product Lifecycle Management (PLM) Market is growing due to adoption of IoT by 2028

Jun, 2023

Growing demand for creating smart factories, as well as a rising need for cloud-based product lifecycle management (PLM) solutions is expected to drive the market of the Global Product Lifecycle Mana